Careful man … this stock may go lower for a very long time ..technical chart show very big resistant when the price reach above 70 cents ..i am worry that distribution taking place now ..better sell to be safe..trade at your own risk ..not buy call or sell call ..just wake up call ..cheers
In my opinion, Q3 is not gonna be very exciting due to the previous MCO, shipping problems, rising costs of materials and chip shortage. However, the third quarter is going to offer us a clear projection of the earnings growth which in turn is the best catalyst for price movement.
No one can tell how the price is going to move in the future. From the price chart, with the strong support level of RM 0.73 (which coincidentally matches my calculation of the DCF intrinsic value), higher lows of prices since September, higher lows of Chaikin Money Flow values, and close prices above EMO, I believe the underlying force is accumulation.
From my point of view, there are a few reasons for QES's depressed stock prices. I list them down here so we can have a little discussion:
1. QES is listed on ACE. Many funds are not allowed to buy shares out of the mainboard. That indirectly reduces the demand for the shares. Once QES is qualified to be listed on the mainboard, the game is gonna be played on a whole new level. Considering the future trend of IoT and 5G, coupled with the dramatic increase of capital expenditure of QES, I believe this is not a distant dream.
2. Most investors buy the shares because of QES's manufacturing business instead of its distribution and maintenance businesses. The manufacturing business has yet to build up and deliver its true potential. Therefore, many people choose to wait until QES releases its 4Q or 1Q 2023 reports in order to avoid expectation discrepancies. However, with the joint venture with Applied Engineering, I believe QES manufacturing will be the gem of the crown in a few quarters. So I choose the collect the shares now before QES true potential is confirmed.
(Please don't shoot me if you disagree with me. I'm not Facebook sifu and have a fragile heart. I'm just a small ikan bilis swimming in the sea. Please kesian me a bit ya. I'm here to look for investing buddies, not enemies. XD)
the temporary spike for these few days is for distribution.once done distribute,the price will be mark down .. so careful all ..better tp now .. cheers ..
@Grova..Very well explained could have not done it any better and yes now is the time to slowly collect as much as we can in order to reap the true potential profit down the road in the next few years once the manufacturing business pick up, also beautifully described that once QES moves to mainboard its a whole new different ball game. Those who know will know what needs to be done.
Like-minded astute investors would definitely agree with @grova..need not say more..the longer its price is suppressed, the higher its upside potential would be..your money, your decision..cheers..
More like naysayers fail to gather the response he wants thus try to naught..lol..master piece by whales aka Big boys for the flush..I am waiting to see more..cheers..
He claims to be a professional analyst but he gets excited by day-to-day price fluctuation and acts like a kopitiam sifu who makes silly claims without any substantiation. I seriously doubt he has just joined the stock market a few weeks ago after joining some Facebook investment lessons. Lol
We are expected due to current global supply chain disruptions, the looming energy crisis, shipment delays and critical components’ longer delivery lead time, EMCO etc
Tepi Jalan analyst giving his tepi longKang analysis about ‘overvalued’..but did not provide detail analysis or forward analysis to substantiate his claim..hehe..wonderful..
Edge Weekly Cover Story: Why companies are flocking to Batu Kawan Industrial Park Liew Jia Teng
The Edge Malaysia 18/11/2021
Interestingly, Shah Alam-based automated test equipment (ATE) manufacturer QES is teaming up with US-based Applied Engineering to provide hi-tech electromechanical contract manufacturing services in BKIP.
QES managing director and president Chew Ne Weng says the primary reasons for its investment in BKIP are the availability of large tracts of land as well as complete infrastructure such as roads, connecting bridges to Penang Island and Prai Mainland, internet broadband, water and electricity.
“BKIP is heavily promoted by InvestPenang and Penang Development Corp (PDC), both of which are under the state government. Many MNCs and local listed companies are there, so it’s good for the ecosystem and supply chain because there will be potential business opportunities among the pool of investing companies in BKIP,” he notes.
QES has acquired a two-acre parcel at BKIP from the PDC for around RM5 million and budgeted about RM10 million to construct a factory there, slated for completion by end-2023 or early 2024.
“Our plan is to expand the QES manufacturing division there for both ATE equipment and IR4.0 Smart Manufacturing Solutions. We are also working on integrating or relocating the Applied Engineering-QES (AE-QES) JV company to the new QES BKIP factory,” says Chew.
He predicts that Batu Kawan will eventually overtake Bayan Lepas, as the former’s land area is much larger. Meanwhile, nearby areas such as Penang Science Park will add to the expanding industrialisation of BKIP in the long run.
Therefore, says Chew, Penang will need a larger area for the airport over the next decade or so, owing to the tremendous growth of MNCs relocating to BKIP or Penang Island.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Grova1
112 posts
Posted by Grova1 > 2021-11-16 00:06 | Report Abuse
Armanhashim, thank you for your advice. I have just collected another 4000 units today. Will continue to buy more if it drops below RM 0.790. Lol.